Technical aspect in trading

[Tessnik]

Hello, friends, I have a request on trading skills that prompt this request is because of my recent experience in trading I used a large amount as capital for trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.
Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

[Oshosondy]

When have you started trading, at start you have to use low amount of money to study the market. $50 or less is not bad to begin spot trading, experience is the best teacher. Some traders will be losing, they will think that is the end, instead not to close trade they will close trade and lose but the market will reverse if we'll analysed but not all situations.

If you want to know more about trading, learn the candle stick very well, there is nothing bad to learn the RSI and the moving averages which are both important indicators.

The coin you are using is also matters, bitcoin is the best, try to study a particular coin and enjoy trading.

[john_nautica]

Don't focus on career, focus on what you have learned on your past trades what are the things you've done wrong and of course never repeat it. You can check this https://github.com/SpiralDevelopment/Awesome-Crypto-Trading it helped me improve my training, I suggest to read technical analysis and only trade a small portion of your remaining fund and try to understand the market and what kind of strategy you are going to use in order to earn.

[CryptoDROI]

Rushing into an investment without taking a step back or understanding the risks can lead you to make a wrong decision. Fundamental concepts, such as market trends and risk management, are crucial for a successful crypto-trader.

It will be hard to grow or protect your trading account without a solid understanding of the market. Knowing the basics, such as the ones mentioned above, will help you make wise decisions about where to invest and how to trade.

The truth is that not every trading system will be profitable. It's important to know which ones will lead to success. A winning trader will be willing to change a losing strategy quickly and stick with one that's working for an extended period of time.

Before anything, you should learn how to manage your risk. You should look for high probability trades with a risk/reward ratio of 1:2 or more to correctly manage risk.

Or you could opt for average down your bought price with a good DCA strategy. But, you need to define your rules before entering a trade.

So IMHO, you should create a set of rules that first and foremost include risk management. Then stick to it.

[Wexnident]

I'd honestly suggest just getting more experience. Most of us would answer the usual of risk management, proper budgeting, spreading your portfolio, understanding market trends, etc., so other than that really, I'd suggest just going for trying to get as much experience as you can while minimizing the losses you'd get. Take your time understanding the market, and probably start amassing more funds to fund your trading since it's going to take a LOT of money to stay imo.

[haidil]

Are you trading spot and in a hurry to not pay attention to the rate of decline in the price? You have plenty of time to deal with it all if you've already lost a lot. Try to play with safe trading. To temporarily avoid spot trading. Use a timeframe for price movements such as one week. While learning all the basic indicators in trading.

[nur rochid]

we can use indicators that we understand their use, besides that we can use support and resistance to be combined in taking the framework. but that's not enough, because psychology also really determines the success of a trade in running the framework. we must dare to cut loss, when the price breaks the specified support area

[doremonchina]

There are various specialized exchanging indicators​​​​ that have been created by experts They utilize these markers to endeavor to precisely conjecture future value developments.
Specialized markers are numerical estimations which highlight exchange section and leave signals. Exchange signals assist financial backers with concluding whether to purchase sell or hold a security or monetary instrument Specialized pointers are for the most part utilized with diagrams. Pointers are put over outline information to attempt to anticipate the value heading and market pattern

[bittraffic]

Hello, friends, I have a request on trading skills that prompt this request is because of my recent experience in trading I used a large amount as capital for trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.
Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

Looking for technical aspect means you have not learned yet to read indicators or you need to find a strategy to adopt?

One reason why a trader still lose even in the spot market is when he panics. But you are.not the onky one OP, when the price of BTC starts dumping I also started selling when I should have done it when the price was still at its heights. Spot market is not as easyas they say still.

[michellee]

It seems you need to know how to manage your money to be used in trading because you say you lose all of your funds in spot trading. The first thing you need to do is use some money, let say $100, to trade. From $100, you do not have to all-in and only buy at once because that will be too risky. It is better to divide your buy order into many parts but not use all of the $100. Maybe only use $50 will be enough so you still have backup funds. Just in case if the price drops deeper, you can buy back the coin.

The next thing is trying to buy when the correction comes when the red candle appears in the market but trying to buy at the next lower price and not buying instantly. If the price can increase after you buy, that will be good for you so you can sell it at once or partially. But if the price does not increase or decrease much after you buy, you can wait for a while and do not think rush because the market will move by itself.

[so98nn]

You should have started learning the crypto trading before you started trading and leaving behind only $200! That's a risky business dude.

There are hundreds of topics in the Trading Discussion section which you can read and learn from them. There are also topics which tells about the traders story, how they lost money, how they recovered their money. These are some of the good search terms you can insert and get amazing topics.

Note: Some of the OP's might not be good, so you better read through the thread and see good replies on the topic. That would be important learning for you.

Topics:
Traders who never bother to learn how to trade
What is the Best Time to sell ? *Go through replies
Ruined my account through multiple mistakes
I quit my job to do full-time crypto-trading. Made 12 BTC profit last month
Rather learn to trade by yourself *replies

[palle11]

There is no way you can trade without understanding that trade is profit to lose ratio. If you have been losing so much, take a break to know your challenges because your story is not details about the real problem if not only losing.

I will ask some questions if so

1. Do you make profit at all or you only make loses?
2. You are using high risk appetite to your account?
3. Do you stay in the market longer and lose?

These are questions you should research into and know what to do. No matter the indicator you use, some days can be very difficult for profit.

[ItsCrafty]

Have you been in a hurry for buying some coins? Like that many of the users who didn't have experience about trading, they lose many money at the start because of their own trading faults. The main issue is having zero knowledge and most reliably having no patience at all, so this will lead them to a big loss sometimes and make it happen for every time if it will not made better.

[pawanjain]

Hello, friends, I have a request on trading skills that prompt this request is because of my recent experience in trading I used a large amount as capital for trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.
Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

You are probably making mistakes what every beginner does. Even I had lost a lot of my capital during the initial days.
What I learnt from my experience and mistakes was to research on every coin before investing in it.
Learning technical analysis and buying the coin at a lower price and never ever sell it at a loss.
You only lose money when you sell at a loss and so you have to keep diamond hands until you are in a profit and only then exit the trade.
Dollar cost average is a strategy which works the best in most of the cases.

[Ararbermas]

Hello, friends, I have a request on trading skills that prompt this request is because of my recent experience in trading I used a large amount as capital for trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.
Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

efforts and patience is a must if you want a good trading career, wherein you don't need to pay for someone who can teach you to become good in it because all the information were visible in the internet..  Just watch tutorials in youtube for sure you will realise what are the mistakes you have made in your previous trade through their step by step compilation and very informative content ..and the good things from it is you can get some advices as well and what are the most important things to remember in order to avoid doing mistakes.. Just invest time in it before you start again to trade because it's a big help to be honest. Actually I've been in your situation before and with the help of those traders that making videos in the internet so far i never experience a worst situation every time i want to trade..

[MrcMrc]

Am also new to trading and am looking for ways to minimize my loss and increase my profit margin in a short time from now, but the truth is there is no working trading formula as most of the trading formulas I tried in the past all failed.

[palle11]

Am also new to trading and am looking for ways to minimize my loss and increase my profit margin in a short time from now, but the truth is there is no working trading formula as most of the trading formulas I tried in the past all failed.

What do you understand by trading formula and what trading formula you used who failed you? You have to explain it and the challenges for help to come.

Trading and making profit is to understand how the market works, test your "formula" on it and keep trying until you get better but if don't know anything about passion for what you want then you get discouraged

[Hamphser]

Hello, friends, I have a request on trading skills that prompt this request is because of my recent experience in trading I used a large amount as capital for trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.
Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

Dont hurry up yourself when it comes to trading because this is something that cant be learnt overnight which means that it would be taking lots of trials and errors for you to make yourself sustainable or better on

trading which means that those losses you are experiencing now is normal and always been part of it.So what are the things you would needed to do? Study those errors or mistakes that you had commited.

Reverse the idea then try to apply it and if it turns out to be effective then continue to learn up because trading market is a never ending learning.

[passwordnow]

Hello, friends, I have a request on trading skills that prompt this request is because of my recent experience in trading I used a large amount as capital for trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.

How big was that large amount you're saying?

Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

You read materials related to trading just like the books that you can see online like crypto for newbies. If you don't like reading books or pdfs, you watch those analysis being made by traders, specifically those crypto traders that you can search away.

[MrcMrc]

Are you trading spot and in a hurry to not pay attention to the rate of decline in the price? You have plenty of time to deal with it all if you've already lost a lot. Try to play with safe trading. To temporarily avoid spot trading. Use a timeframe for price movements such as one week. While learning all the basic indicators in trading.

What technical skills are you looking for because if you are talking about a trading predictions tool you should rest assured that you may never find any technically proven trading signal. But you I'm an develop good trading skills on your own from your own experience over time.